RRA Railamerica

Michael J. Howe, Executive Vice President and Chief Financial Officer for RailAmerica, Inc. (NYSE:RRA), will address the Morgan Stanley Small Cap Executive Forum on Friday, June 16, 2006 at the Crowne Plaza Times Square in New York City. The presentation, scheduled to begin at 10:30 a.m. ET, will be audio webcast live on RailAmerica's website: http://www.railamerica.com. Following the live webcast, a replay of the presentation will be available on the RailAmerica website. RailAmerica, Inc. (NYSE:RRA) is a leading short line and regional rail service provider with 42 railroads operating approximately 7,800 miles in the United States and Canada. The Company is a member of the Russell 2000(R) Index. Its website may be found at http://www.railamerica.com. Disclaimer Regarding Forward-Looking Statements: This press release contains forward-looking statements regarding future events that involve risks and uncertainties that could cause actual results to differ materially. Forward-looking statements speak only as of the date the statement was made. The Company assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. If the Company does update any forward-looking statement, no inference should be drawn that the Company will make additional updates with respect to that statement or any other forward-looking statements. We refer you to the documents that RailAmerica files from time to time with the Securities and Exchange Commission, such as the Form 10-K, Form 10-Q and Form 8-K, which contain additional important factors that could cause its actual results to differ from its current expectations and from the forward-looking statements contained in this press release.